Category: Business

South Africa is reportedly in negotiation with the Chinese electric vehicle giant BYD to open a manufacturing plant in the country, according to the cabinet. BYD, China’s best-selling car brand, launched its first e-vehicle in SA last year. South Africa has a robust auto-building sector, which includes a ...

The pace of news business development deals between Saudi Arabia and China appears to be gaining momentum amid a slate of new announcements this week, highlighting increasingly close financial ties between the two countries: MOVIES: Leading Saudi Arabian ...

The highlight of the Africa Climate Summit (ACS) for Chinese e-vehicle manufacturers was President William Ruto’s self-drive from the State House to the Kenyatta International Convention Center in a small, bright yellow e-car. Manufactured in Liuzhou, China, the Air Yetu was ...

Two of China's largest automakers, Changan and Geely, both announced new plans to set up manufacturing and sales operations in Thailand for their new line of electric vehicles. Geely's EV unit AION announced plans to build a $170 million factory in ...

The BRICS summit is proving a PR bonanza for an unexpected group of stakeholders: Chinese automakers. South Africa, the host of this week’s summit, eschewed the usual fleet of Mercedes Benzes to ferry the delegates between venues. Instead, the Chinese automakers Chery and Haval are providing the official SUVs. ...

This article was published on 驻外之家 (Home Abroad), a popular WeChat page that focuses on the stories of Chinese expatriates in Africa. This channel provides a more detailed picture of Chinese who came to Africa, stayed in Africa, and, in many instances, eventually became part of the ...

The roads in Jakarta are looking a little different lately. At times, in the sea of black SUVs stuck in traffic, one can spot one or two tiny electric cars developed by Chinese electric vehicle maker Wuling. When one hops into a Blue Bird — the country’s ...

The idea of creating a brand new currency under the auspices of the BRICS countries is "ridiculous," according to the former Goldman Sachs economist who coined the acronym for the five countries. Jim O'Neil echoed the sentiments of a number of ...

Nishimura Yasutoshi, Japan's economy and industry minister, spent last week crisscrossing southern Africa on a five-nation tour at the behest of his country's auto industry that is looking for new supplies of the raw materials needed to power electric vehicles. Japan, like ...

From Chile to South Africa to the Philippines, stock markets across the developing world fell sharply on Tuesday after Chinese customs authorities released worse-than-expected trade data. Chinese exports plunged 14.5% in July compared to the same time last year, the ...

The Chinese state-owned arms manufacturer Norinco opened a new sales office in the Senegalese capital Dakar this week as part of the company's effort to expand its business in West Africa. The company is already a major supplier to militaries ...

Chinese mining giant CMOC announced that it has settled a years-long dispute with the DR Congo's state-run mining company Gécamines that both sides hope will conclude a bitter feud between the two firms over royalty payments from the massive Tenke Fungurume mine (TFM), one of the world's ...